Output Of Textile Products Decreased And Inventory Of Finished Goods Increased Slightly -- Survey Report Of Cotton Textile Enterprises (May 2020)

In May, the textile market was affected by the gradual resumption of production in Europe and the United States, and foreign trade sales improved slightly. However, the finished product inventory was still high, the capital pressure was high, and the overall operation was insufficient. According to the cotton warning system in China, more than 90 fixed-point textile enterprises in the country have shown that the inventory of raw materials has increased, textile production has decreased, yarn inventory and cloth inventory have increased slightly.

1. The decline in textile production

In May, the textile enterprises went slower in inventory, and the rate of starting up was still not high. According to the survey, yarn production decreased by 1.2% compared with the same period last year, down 6.8%, of which: pure cotton yarn accounted for 66.5%, down 0.5 percentage points from last month; blended yarn and chemical fiber yarn accounted for 33.5%, up 0.5 percentage points from the previous month.

Cloth production decreased by 1.2%, down 5.9% compared with the same period last year, of which cotton percentage was 0.2 percentage points lower than that of last month. Yarn sales rate was 59%, down 1 percentage points from last month.

At present, the finished product inventory of spinning enterprises is 28.75 days, an increase of 0.3 days from last month. Finished product inventory for grey goods finished for 35.01 days, an increase of 0.14 days from last month.

Two, inside and outside cotton yarn price drop

The price of cotton yarn both inside and outside has declined. The average price of domestic 32 pure cotton yarn in May was 18739 yuan / ton, down 549 yuan / ton from last month, or 2.85%, down 3928 yuan / ton compared with the same period last year, or 17.33%; the average monthly price of imports of 32 pure cotton yarn was 18826 yuan / ton, a decrease of 1078 yuan / ton from last month, a decrease of 5.42%, a decrease of 3685 yuan / ton compared with the same period last year, or a decrease of 3685.

Three, raw material inventory increased slightly.

The improvement of downstream market is not obvious. Textile enterprises are more small and single, and the rate of operation is low. Raw materials are basically bought and used. As of May 30th, the stock of cotton in textile enterprises was 679 thousand and 500 tons, an increase of 6 thousand and 100 tons from the end of last month, representing a decrease of 72 thousand and 100 tons compared with the same period last year. Among them: 33% of enterprises reduce cotton inventories, 41% increase inventories, and 26% remain basically unchanged.

The proportion of cotton in Xinjiang cotton increased, the proportion of real estate cotton decreased, and the proportion of imported cotton was basically flat:

1. The use of Xinjiang cotton accounted for 91.38% of the total cotton consumption in textile enterprises, an increase of 0.03 percentage points from the previous month, an increase of 11.38 percentage points from the same period last year. Among them, the proportion of Xinjiang cotton in reserve was 4.28%, and the proportion of Xinjiang cotton in this year was 95.72%.

2. The proportion of real estate cotton used by textile enterprises is 1.75%, which is 0.04 percentage points lower than that of last month. Among them: the proportion of reserve real estate cotton is 6.77%, and the proportion of real estate cotton is 93.23% this year.

3. The proportion of imported cotton used by textile enterprises was 6.87%, an increase of 0.01 percentage points from last month, representing a decrease of 4.93 percentage points over the same period last year.